MF Global CEO Jon Corzine Resigns

Jon Corzine resigned today without severance pay as head of MF Global, the bankrupt brokerage firm where he had hoped to resurrect his career after a failed gubernatorial re-election bid in New Jersey. Corzine has resigned from all posts and has confirmed "that he will not seek severance payments in connection with his resignation," the company said in a statement today. His severance package was worth $12.1 million, including cash and benefits, the Associated Press reported. Securities...Full Story
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